MUMBAI: Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture brand in-home and institutional segments revealed its sustainability goals in areas of energy efficiency, water conservation, carbon neutrality, increasing renewable energy share. In alignment with Godrej & Boyce’s EP100 commitment, Godrej Interio has also committed to doubling its energy productivity by 2030.
As part of its sustainability goals, Godrej Interio aims to have a third of its portfolio revenues comprising good and green products and services. In FY2020-21, 22 products were added to the Good & Green products offerings taking the cumulative count to 120. They plan to increase the number of Good & Green products from 120 to 130 in FY 21-22. While Godrej Interio has already achieved a 45% revenue share from Good & Green products in F.Y. 2020-21, it aims to continue to target a 45% revenue share from Good & Green for the foreseeable future.
Commenting on the sustainability goals, Mr. Anil Sain Mathur, COO, Godrej Interio, “At Godrej Interio, our sustainability strategy is aligned with Godrej & Boyce’s ‘Good & Green’ initiative which underscores our deep and abiding belief that innovation and sustainability must go hand-in-hand. Combining the two will promote our journey to ensuring employability, energy efficiency, promotion of a circular economy, and greater community development. We are proud to be part of a company that commits to global causes such as EP100 initiative and that as Godrej Interio, we can help further this commitment thus helping lead the way on smarter energy usage.”
As a part of its sustainable manufacturing initiatives, Godrej Interio has adopted various technologies across all the manufacturing locations to reduce energy consumption. These technologies include using VFDs on pumps and blowers, use of waste recovery technologies such as heat pipes, use of heat pumps, installation of energy-efficient machines and energy-efficient lighting, etc. As of FY2020-21, Godrej Interio has reduced its energy consumption by 49.5% and water consumption by 43% based on its Good & Green Vision baseline of FY2010-11. It also achieved a renewable energy share of 23% in FY20-21.
The company plans to invest Rs 60 million in next 3 years in renewable energy projects.
Similarly, the recycling of water at Godrej Interio’s plants is being done through Sewage Treatment Plants (STP) or Effluent treatment plants (ETP). The water recycled through ETP is made process ready for re-use in the manufacturing processes through advanced technologies such as reverse osmosis at Khalapur, Chennai, and Bhagwanpur. In FY2020-21, around 40,440 Kiloliters of water were recycled and reused which is 31% of the total freshwater usage across Interio’s manufacturing plants. They plan on increasing this percentage to more substantial levels in the years to come.
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